Frank Lampard will join Manchester City on loan having signed a contract with affiliate club New York City. Photograph: Craig Ruttle/AP

Frank Lampard is to join Manchester City on loan, the club announced on Wednesday. As reported last Friday, the former Chelsea midfielder has signed a full-time contract with New York City but will be available to play for Manuel Pellegrini’s side in the Premier League.

Lampard was recently unveiled as New York City’s fourth signing but after discussions with Pellegrini, it was agreed he will train and play with Manchester City, before joining the New York club, with whom City are affiliated.

“Joining up with Manchester City is a fantastic opportunity for me to continue to train and play at the top level and make sure I am in top condition for New York City,” said Lampard. “It has been an amazing few days for me since the unveiling in Brooklyn and everyone connected with both clubs has been fantastic to me. This is a new chapter of my career and I’m really excited about the experience.”

The City manager Pellegrini was also pleased to welcome Lampard into the side that won the league last season. “Frank is a world class midfielder and this is an opportunity which works perfectly for everyone, the player, Manchester City, and New York City,” he said in a statement on the club’s website.

“I’m looking forward to working with him and integrating him into our squad. New York have made a fantastic signing by recruiting Frank, and I’m really pleased that we’ll be able to have him with us for the first half of our season and help prepare him for his new challenge.”